Increases the amount of the estimate of revenues that will be received from General Fund revenue sources other than corporate income and excise taxes for the biennium beginning July 1, 2023.

Taxes

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor: Representative Evans
Last action: 2025-06-27
Official status: In House Committee
Effective date: Not listed

Plain English Breakdown

The plain English breakdown is still being put together. The official documents below are already here.

Bill History

2025-06-27 House
In committee upon adjournment.
2025-01-17 House
Referred to Revenue with subsequent referral to Ways and Means.
2025-01-13 House
First reading. Referred to Speaker's desk.

Official Summary Text

Digest: The Act changes the kicker estimate to fund disaster help and UAL relief. (Flesch Readability Score: 63.4).
Increases the amount of the estimate of revenues that will be received from General Fund revenue sources other than corporate income and excise taxes for the biennium beginning July 1, 2023. Requires that the difference between the amount actually collected and the amount estimated after the close of the 2023 regular session be used for disaster preparedness and for application against unfunded actuarial liability of the Public Employees Retirement System. Provides for the return to taxpayers of surplus revenue over the adjusted estimate amount if the constitutional threshold is exceeded.
Declares an emergency, effective on passage.
Relating to: Relating to revenue estimates; declaring an emergency; providing for revenue estimate modification that requires approval by a two-thirds majority.
Current location: In House Committee